The advanced composite materials market is expected to register a
moderate growth during the forecast period, 2018 to 2023. Europe is
dominating the market, accounting for around 30% of the global market in
2017.

Advanced composite materials are used in various aerospace and defense
applications, owing to their properties, such as high strength,
stiffness, heat & chemical resistivity, electrical conductivity, and
various other thermal and chemical properties, etc. They are widely used
in ballistic protective applications, such as, bullet proof vests,
protective apparel, such as gloves, motorcycle protective clothing, and
hunting gaiters.

Due to their light yet stiff design structures, they are used in the
interior of an airplane or a jet, the rotor blades of a helicopter,
aircraft seats, and aircraft brakes. Many countries are focusing in
growing a domestic defense industry while manufacturing hardware
locally. These factors are expected to drive the demand for advanced
composite materials, during the forecast period.

December 2017: Teijin Aramid announced its intention to increase the
production capacity for its Twaron super fiber by more than 25%. This
additional capacity will become available within the next five years.